Shiba Inu just recorded its most intense burst of activity among major farmers in six months, raising questions about whether new volatility – and possibly renewed selling pressure – is lurking.
On-chain analytics firm Santiment reported the move at According to told the company: “Shiba Inu today saw the highest number of whale transfers since June 6, along with a +1.06T net change in the amount of SHIB on exchanges. The #24 market cap in crypto is likely to see high volatility in the coming days.”
What does this mean for the Shiba Inu price?
The chart shows 406 individual transactions worth more than $100,000 in one day, the highest since early June. The second highest peak occurred during the October 10 market crash, when approximately 300 SHIB whales were active, and the third occurred in mid-July, when more than 280 whales conducted transfers.
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These whale transfers represent activity by large holders, trading desks and liquidity providers whose movements can significantly impact market liquidity and order book depth.
At the same time, the exchange supply of Shiba Inu has increased enormously. Santiment’s overlay of “Supply on Exchanges (SHIB)” reveals a clear, abrupt increase, annotated as “1.06T more SHIB on exchanges in 24 hours.” This reflects a net inflow of approximately 1.06 trillion tokens into exchange portfolios, meaning more SHIBs are now in locations where it can be traded immediately.
In terms of market structure, the combination of record recent whale activity and a sharp rise in exchange rates creates conditions that often precede significant price movements. Moving coins from self-custody to exchanges does not guarantee that they will sell, but it does increase the portion of the circulating supply that is ‘sell-ready’ and can hit order books at short notice.
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Whether this translates into an outright dump is not yet visible in the chain. The same footprint could reflect whales preparing to sell, to arbitrage across locations, to provide liquidity, or to rebalance positions in anticipation of broader market moves. Santiment itself stops short of a directional call, limiting its guidance to the expectation that the Shiba Inu token “is likely to see high volatility in the coming days.”
For now, the data point is clear: Shiba Inu’s largest holders have become more active than ever before since early June, with well over a trillion additional tokens moving to the exchange in just 24 hours. The direction of the next big step will depend on how that new mobile offering is deployed.
At the time of writing, SHIB was trading at $0.00000859.
Featured image created with DALL.E, chart from TradingView.com